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Credit Quiz 4 (25 MCQs)

Quiz Instructions:

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1. Which of the following will increase your credit card's APR?
2. Which is an effect of poor credit?
3. All of the following make up the big three credit reporting agencies EXCEPT:
4. What is an Advantage of having credit?
5. The maximum you can charge on your credit card is _____
6. What can you do it make sure you have a healthy credit report?
7. Joan earns $ 3, 500 a month and only has $ 300 in expenses she must pay. This will affect which of the 3 C's?
8. Which of the following MOST influences your credit score?
9. How can you go to college and not get a student loan?
10. If you are under 18 years old, you will need _____ to get a credit card.
11. Which of the following is NOT a step out of debt?
12. A written statement about a consumer's credit history?
13. If you file bankruptcy how long will it stay on your credit record?
14. What is the name of the book that Jean Chatzky wrote?
15. What is meant by an uncollateralized loan?
16. The most responsible way to use credit is to be sure to _____
17. Which of the following actions has NO impact on your credit score?
18. An example of revolving credit is _____
19. An agreement in which a buyer receives goods or services at the present time in exchange for a promise to pay for them at a later time.
20. What is the best way to buy something big
21. Another name for your FICO score is your _____ _____
22. Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work.III. Maxing out several credit cards. IV. Using the internet to pay your bills
23. A record of monthly payment status on a person's credit report, since the beginning of their credit history is called _____
24. An individual is insolvent when they cannot
25. How many kids do the Bradley's have?
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